Apple Reportedly Buying Flash Memory Company Anobit For $400 Million – $500 Million

Apple is reportedly going to use part of its enormous pile of cash to buy an Israeli fabless semiconductor company that specializes in flash storage solutions. Calcalist reports - in Hebrew - that the world's most valuable company is in talks to buy Herzliya Pituach, Israel-based Anobit for $400 million to $500 million. If the report checks out, this would mark Apple's first acquisition in Israel (and the first with Tim Cook at the helm as CEO), and also a rare occasion because the consumer electronics giant doesn't usually buy non-software companies. The only hardware companies Apple is known to have acquired in the past two decades were Steve Jobs-founded NeXT, Raycer Graphics, Intrinsity and P.A. Semi.

Source: http://feedproxy.google.com/~r/techcrunch/apple/~3/-XUaHg-TSZo/

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